Investment Overview

Marcus & Millichap is pleased to exclusively offer the sale of 14350 W Dixie Hwy, North Miami, FL 33161. The property consists of a free standing 2,964 square ft retail building on a 23,944 square ft (0.56-acre) lot. The property is situated on NE 143rd St and W Dixie Hwy, a key North/South corridor connecting Aventura through Miami Shores, with average daily traffic counts of 20,000 vehicles. The property’s prime location ensures high visibility and easy accessibility. Sixt Rent A Car, a leading publicly traded car rental company with over 2,000 locations globally, has been occupying the property as a tenant since 2015, making this a well-established location for the company. The lease is a NNN corporate lease ensuring maximum security and minimal landlord responsibilities. The property has been exceptionally maintained by the tenant throughout the duration of the tenancy. The current lease term ends on January 31, 2024, giving a potential buyer the opportunity to renegotiate a new lease extension with the tenant or alternatively to reposition or redevelop the property. The investment offers strong and stable cash flow for potential investors from a globally recognized multi-billion-dollar multinational corporation and presents a unique opportunity for an investor to own a high-quality asset in one of Miami's rapidly growing neighborhoods with significant future development potential.